DEEMED PURCHASE EXPENDITURES Sample Clauses

DEEMED PURCHASE EXPENDITURES. (a) Trust Property on deposit in the Trust Account which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with subsection 11.07(a) hereof) shall be deemed for the purposes of section 4.03 and the Trust Agreement to have been spent for the Purchase of Land, Minerals and Improvements. (b) Notwithstanding subsection (a) above, to the extent any of the foregoing costs or expenditures have been paid by an Entitlement Band from its Revenue Trust Account, or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures shall be deemed, for the purposes of section 4.03 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.
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DEEMED PURCHASE EXPENDITURES. (a) Trust Property which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with section 11.07 hereof) shall be deemed for the purposes of section

Related to DEEMED PURCHASE EXPENDITURES

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Financial contribution 7.1.1 The total financial contribution to the Activity amounts up to: 50.000 EUR (Fifty Thousand EURO) for IPR & product development 7.1.2 For the purpose of this Contract the above mentioned total financial contribution is stated to be a ceiling which amount shall not be exceeded and for which the Incubatee shall perform the Activity in full. 7.1.2.1 At the end of the Contract Term the Incubatee shall deliver a cost report, detailing all costs incurred, with all invoices attached. 7.1.2.2 The Incubatee shall prove all expenses from the funding solely with third parties’ invoices used for IPR and product development following the provisions on Article 4 here above. The Incubatee is not authorized to use the above stated funding for reimbursement of his own hours spent in the project. 7.1.3 The above amount does not include any taxes and duties.

  • Eligible Expenditures 1. Subject to Article 8.7 of the Regulation, eligible expenditures of this Programme are: (a) management costs of the Programme Operator in accordance with the detailed budget in the financial plan; (b) payments to projects within this Programme in accordance with the Regulation, this programme agreement and the project contract. 2. Eligible expenditures of projects are those actually incurred by the Project Promoter or project partners, meet the criteria set in Article

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • FINANCIAL CONTRIBUTIONS (§5.d): Owner shall use reasonable efforts to seek contributions and grants from Capital Metro Transit Authority (CMTA) and Xxxxxx County.

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